If you buy the properties correctly, rentals tend to be debt neutral, or adding to your income or very close to it, when looking at them from a Fannie Mae loan prospective.

If I'm funding other deals I may run out of money to fund thier deals.And I charge 13% plus a point on debt financing.

It's a generous amount of debt on them, but it's certainly possible.  

I sold my place to pay off debt.

Without a personal guarantee you're out your money as it is then an unsecured debt.

I don't know who to contact, but I live in Phoenix area and am thinking to start with a condo but will need some financing.Just sold my primary residence so no debt, good credit and will be living in my condo which I own free and clear.Looking for advice......

So, I can get a cash flowing house in SoCal, in this market, because I don't just look at price, rent rates, and debt payments.

They will qualify you based on LTV (loan to value%) DTI (debt to income ratio) personal credit score and assets.

I want to purchase an investment property but currently own my home so my debt-to-income ratio is around 20%. 

It's easy to say "Hey, I got $35k in my account, I could pay off everything and have zero debt", but then I'd have no income from the investment.